Mutual funds bought Swiggy, Groww among top midcap stocks in September
In short
Mutual funds bought more of Swiggy, Groww parent Billionbrains Garage, Patanjali Foods, Astral and PB Fintech in September. A Motilal Oswal report said Swiggy had the biggest increase, at Rs 6.3 billion.
This matters because heavy fund buying can support share prices. The reporting does not say why the funds bought these stocks or how the market reacted.
What the reporting says
Mutual funds made the highest net buys in Swiggy, Groww parent Billionbrains Garage, Patanjali Foods, Astral and PB Fintech in September, according to a Motilal Oswal report. Swiggy led the list with a Rs 6.3 billion value increase during the month. The reporting does not state the funds’ reasons or whether the buying changed future prices.
Why it matters
Mutual funds were the reported buyers, and Swiggy, Billionbrains Garage, Patanjali Foods, Astral and PB Fintech were the top mid-cap stocks attracting net buying in September. The Motilal Oswal report singled out Swiggy for a Rs 6.3 billion value increase. This points to stronger institutional demand for those names, but the reporting does not explain the motive or any longer-term effect on valuations.